If you want to live on your own, you’ll need to choose between renting or buying a property. Leasing an apartment has many advantages, and it may end up being cheaper than purchasing a home. If you’re on the fence, here are a few reasons to become a renter.

Why You Should Lease an Apartment

1. No Maintenance

Since you don’t own the property, the landlord is responsible for covering routine maintenance, seasonal tuneups, and timely repairs. This option is preferred by people with busy schedules, as they don’t need to clear their day to wait for a repairman. Having someone else handle the physical labor of maintaining the property is also ideal for seniors with mobility challenges.

2. Low Insurance Costs

Renters insurance is cheaper than a homeowner policy because it only needs to cover personal belongings. Homeowners pay more for insurance because their policies encompass protection for their appliances and electrical fixtures, as well as the structure itself.

3. On-Site Amenities

Apartment communities often feature a variety of amenities, like barbecue, picnic, and car wash areas. Renters typically have access to these features at no additional charge. While you can add these luxury amenities to a purchased home, they’ll be costly to install and maintain.

4. Financial Savings

If you choose to lease an apartment, you’ll only need to pay monthly rent and a security deposit upfront, which is returned at the end of the contract. On the other hand, if you purchase a property, you’ll need to hand over 20 percent of the listed price—this is typically thousands of dollars.

If you want to rent an apartment, check out Kekuilani Courts in Kapolei, HI. This community is conveniently located near parks and shopping areas, and residents enjoy access to an on-site laundry facility and management team that handles maintenance. Get more information by calling (808) 674-0405 or visit them online to apply or learn more.